The Daddy Bonus
When will men recognise the value of the Daddy Bonus?
Women continue to assume a higher level of child care responsibilities and men tend to stick with meeting cultural gender expectations of playing the higher status role as "provider." But, not only that, simply by becoming a father gives new dads an extra default boost, the daddy bonus.
Research shows that only a very small percentages of men are taking the option of parental leave introduced last year in the UK. There is a real fear that instead of achieving the gender balance for which it was intended, that if men take career breaks they also will be consigned to the same lower place in a career structure as women. Reduced to basics, it appears that if men assume a greater child caring role, they will experience the loss of their valuable daddy bonus.
A significant percentage of women become entrepreneurs or seek flexible or part-time work to allow them to meet their responsibilities as mothers. Whichever path they chose there are down sides. Flexibility has long-term financial downsides and many female entrepreneurs actually end up working long hours for less money showing a reduction of 32%.
The Fawcett Society research suggests from findings from a poll of 8,000 people, entitled ‘Parents, work and care: Striking the Balance’ that when a woman has a baby, 46% believe she will become less committed to her job, compared to just 11% believing a man becomes less committed. In stark contrast 29% of people believe dads become more committed compared to just 8% for a woman. This drives inequality and forces women and men into traditional male breadwinner, female carer roles.
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